A new study of nearly 650 Georgia manufacturing companies underscores the importance of innovation as a competitive strategy – at a time when international outsourcing continues to impact Georgias manufacturing community.
The 2005 Georgia Manufacturing Survey shows that companies basing their competitive strategies on the development of innovative products or processes enjoy higher returns on sales, pay better wages and have less to fear from outsourcing than do manufacturers relying on other competitive strategies.
Totals add to more than 100 percent because some respondents indicated more than one top competitive strategy).
The percentage of companies competing on the basis of low cost declined from 27 in 2002 to 20 percent in 2004. Youtie and Shapira speculate thats because many companies using that strategy have simply gone out of business. "Low price will bring in more sales for a while, but its hard to keep that up," Youtie noted. "You have to compete with companies in countries with even lower cost structures."
For decision-makers, the studys implications are clear. "Firms, industry associations, universities and state and local policymakers all need to be involved in new efforts to stimulate many more of our small, mid-sized and larger industrial enterprises to invest in the innovative strategies that will help them not only to survive, but also to grow," Shapira said.
Other findings of the 2005 Georgia Manufacturing Survey included:
The survey was sent to approximately 4,000 Georgia manufacturers that had 10 or more employees. Completed surveys from 648 manufacturers were weighted to reflect employment and industry distributions.
The Georgia Manufacturing Survey is conducted periodically to assess the condition of Georgias manufacturing industry. In addition to the authors already named, Georgia Tech School of Public Policy Graduate Students John Slanina, Jue Wang and Jingjang Zhang provided research assistance for the 2005 study.
The project was supported by the U.S. Department of Commerces NIST Manufacturing Extension Partnership, the U.S. Economic Development Administration, the Center for Paper and Business and Industry Studies at Georgia Tech, the Georgia Department of Labor, and the QuickStart Program of the Georgia Department of Technical and Adult Education.
Technical Contacts: Jan Youtie (404-894-6111); E-mail: (firstname.lastname@example.org) or Phil Shapira (404-894-7735); E-mail: (email@example.com)
John Toon | EurekAlert!
The Great Unknown: Risk-Taking Behavior in Adolescents
19.01.2017 | Max-Planck-Institut für Bildungsforschung
A sudden drop in outdoor temperature increases the risk of respiratory infections
11.01.2017 | University of Gothenburg
An important step towards a completely new experimental access to quantum physics has been made at University of Konstanz. The team of scientists headed by...
Yersiniae cause severe intestinal infections. Studies using Yersinia pseudotuberculosis as a model organism aim to elucidate the infection mechanisms of these...
Researchers from the University of Hamburg in Germany, in collaboration with colleagues from the University of Aarhus in Denmark, have synthesized a new superconducting material by growing a few layers of an antiferromagnetic transition-metal chalcogenide on a bismuth-based topological insulator, both being non-superconducting materials.
While superconductivity and magnetism are generally believed to be mutually exclusive, surprisingly, in this new material, superconducting correlations...
Laser-driving of semimetals allows creating novel quasiparticle states within condensed matter systems and switching between different states on ultrafast time scales
Studying properties of fundamental particles in condensed matter systems is a promising approach to quantum field theory. Quasiparticles offer the opportunity...
Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.
As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...
19.01.2017 | Event News
10.01.2017 | Event News
09.01.2017 | Event News
20.01.2017 | Awards Funding
20.01.2017 | Materials Sciences
20.01.2017 | Life Sciences